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Thermometer Market Analysis

  • Report ID: GMI8569
  • Published Date: Mar 2024
  • Report Format: PDF

Thermometer Market Analysis

Based on product type, the market is segmented into mercury-based thermometers, and mercury-free thermometers. The mercury-free thermometers segment held leading revenue share in 2023 and is anticipated to reach over USD 2.5 billion by 2032.

  • As awareness regarding environmental concerns and health issues are increasing, consumers are actively seeking out products that are safer and more environmentally friendly. The demand for mercury-free thermometers is driven by consumers who prioritize sustainability and health-conscious choices.  
  • Moreover, technological advancements have led to the development of alternative thermometer technologies, such as digital thermometers, infrared thermometers, and thermistor-based thermometers, that offer accurate and reliable temperature measurements without the use of mercury. These alternatives are often preferred for their convenience, accuracy, and ease of use.

Based on point of measurement, the thermometer market is segmented into ear, forehead, oral, and other point of measurement. The forehead segment held leading revenue share and was valued at USD 675.6 million in 2023.

  • The advanced temperature sensor technology and temperature measurement algorithms have improved the accuracy and reliability of forehead thermometers. Many models are clinically validated and provide accurate temperature readings comparable to traditional methods, instilling confidence in their use for medical and diagnostic purposes. 
  • Furthermore, forehead thermometers boast user-friendly operation, requiring minimal training, thus rendering them suitable for utilization by healthcare professionals, caregivers, and individuals in domestic settings. Their functionality enables swift and effective temperature monitoring, potentially driving an upsurge in demand.

Based on interface, the thermometer market is segmented into contact and contact free. The contact free segment held leading revenue share of over 58% in 2023.

  • Contact-free thermometers offer a gentle and non-intrusive means of measuring temperature, particularly beneficial for children, the elderly, and individuals with sensitive skin or medical concerns. This approach often enhances patient comfort and adherence to temperature monitoring procedures.
  • Furthermore, contact-free thermometers deliver swift temperature readings in mere seconds, making them well-suited for dynamic healthcare settings, emergency contexts, and large-scale screening venues like airports, schools, and workplaces. This efficiency is likely to drive a surge in demand for these devices.
Thermometer Market, by Application (2023)

Based on applications, the thermometer market is segmented into medical, industrial, food, laboratory, and other applications. The medical segment held leading revenue share in 2023 and is anticipated to reach USD 945.1 million by 2032.

  • Temperature measurement devices are one of the fundamental vital signs monitoring devices that are routinely used in clinical settings, to measure blood pressure, heart rate, and respiratory rate. Hence, high utilization of these devices for medical applications are projected to spur the industry growth.   
  • Moreover, thermometers play a crucial role in diagnostic screening, especially during infectious disease outbreaks or pandemics which may further contributes to its increasing demand within medical domain.

The thermometer market by end-use is categorized into hospitals and clinics, home care settings and others. The hospitals and clinics segment dominates the market with the revenue of around USD 995.4 million in 2023.

  • Hospitals and clinics accommodate a significant volume of patients on a daily basis, many of whom may present with fever symptoms, necessitating the precise measurement of body temperature. This continuous stream of patients, each with varying medical conditions, underscores the indispensable role of thermometers within healthcare settings. Serving as essential diagnostic tools, thermometers aid healthcare professionals in assessing patients' health status and formulating appropriate treatment plans.
  • Furthermore, healthcare facilities are bound by stringent regulatory standards and guidelines governing patient care and safety. Accurate temperature monitoring is often mandated by regulatory bodies, compelling hospitals to increasingly rely on thermometers to fulfill compliance requirements. Consequently, this regulatory landscape further propels the demand for these vital diagnostic instruments.
North America Thermometer Market, 2020 – 2032 (USD Billion)

North America thermometer market accounted for USD 681.9 million revenue in 2023 and is anticipated to record substantial market growth during forecast period.

  • The trend toward self-healthcare devices is gaining momentum in North America, offering individuals the convenience of monitoring their health from the comfort of their homes without the need for frequent visits to healthcare facilities. This increased accessibility facilitates timely health monitoring and early detection of potential health issues, fostering proactive health management and driving the demand for thermometers in the region.
  • Moreover, stringent regulatory standards in North America necessitate the widespread use of thermometers across various industries to ensure compliance with health, safety, and environmental regulations. For instance, food safety regulations require meticulous temperature monitoring to mitigate the risk of foodborne illnesses, while occupational safety guidelines mandate temperature surveillance in workplaces to prevent heat-related injuries.
Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global thermometer industry size was USD 1.8 billion in 2023 and is expected to reach USD 3 billion by 2032 by 2032, due to the increasing prevalence of infectious diseases coupled with rising awareness levels and better hygiene practices

Mercury-free thermometers market is anticipated to cross USD 2.5 billion by 2032, led by the higher awareness regarding environmental concerns and health issues

The contact free interface segment held over 58% of the thermometer market share in 2023, driven by their ability to offer a gentle and non-intrusive means of measuring temperature, particularly in children, the elderly, and individuals with sensitive skin or medical concerns.

North America thermometer industry size was USD 681.9 million in 2023 and is anticipated to record substantial growth till 2032, led by the rising trend of self-healthcare devices in the region

Thermometer Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 14
  • Tables & Figures: 364
  • Countries covered: 22
  • Pages: 200
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